MUNICH (dpa-AFX) - German reinsurance company Munich Re (0KFE.L) on Friday reported preliminary second-quarter net profit of about €2.2 billion, comfortably above the analysts' consensus estimate of €1.786 billion, supported by strong operational performance, low major-loss claims in its property and casualty reinsurance business, and robust investment returns.
The company said strong investment returns also contributed significantly to the exceptional net profit of about €0.3 billion at its primary insurance arm, ERGO.
Net profit for the first half of 2026 reached approximately €3.9 billion.
Munich Re said it remains on track to achieve its full-year 2026 net profit target of €6.3 billion. The company is scheduled to report its full second-quarter results on August 7.
Munich Re shares were trading 0.73% lower at €502.50 on Xetra.
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